Quick Takeaways:
- Virgin Galactic Holdings, Inc. (SPCE, Financial) successfully cut expenses by 29% for 2024, saving $154 million.
- Analysts' average price target suggests a potential 211.71% upside from the current stock price.
- GuruFocus estimates indicate a significant upside potential with a GF Value suggesting a dramatic increase.
Virgin Galactic Holdings, Inc. (SPCE) has announced a substantial reduction in its operational costs for 2024, decreasing expenses to $384 million from $538 million in 2023. With $657 million in cash reserves, the company is strategically positioned to launch its inaugural commercial research spaceflight by the summer of 2026.
Understanding Analyst Predictions
The consensus among seven analysts sets the average one-year price target for Virgin Galactic Holdings Inc (SPCE, Financial) at $8.82. This includes a high estimate of $36.00 and a low of $1.00. The average target indicates a potential upside of 211.71% from the current price of $2.83. For more comprehensive data, refer to the Virgin Galactic Holdings Inc (SPCE) Forecast page.
Industry Recommendations
The current average brokerage recommendation for Virgin Galactic Holdings Inc (SPCE, Financial) stands at 3.2, signifying a "Hold" stance according to 10 brokerage firms. The rating scale ranges from 1 to 5, where 1 means Strong Buy and 5 implies Sell.
Estimating Stock Value with GuruFocus
GuruFocus projects the GF Value for Virgin Galactic Holdings Inc (SPCE, Financial) to reach $68.24 in the next year. This presents an astounding potential upside of 2311.31% from the current trading price of $2.83. The GF Value is derived from an analysis of historical trading multiples, prior business growth, and anticipated future performance. Detailed data and insights can be accessed on the Virgin Galactic Holdings Inc (SPCE) Summary page.
